Dwindling demand and differing supply situations between regions pressured aluminium billet premiums down or kept them unchanged across the world on Wednesday June 1, with clear bearishness slowly taking over global markets

There has been an evolution in US steelmakers' raw material strategy in the past several years, with mills pivoting from an effort to randomly own as many tons as they could to becoming more vertically integrated and owning material that can feed their meltshops

The fall in import prices for finished steel products in the United States was not enough to attract many buyers due to logjams at domestic ports that have made it costly, time-consuming and risky to buy foreign steel, Fastmarkets has learned

Fastmarkets will adjust its steel and steel raw materials publishing schedule for the EMEA, CIS and Turkey regions this week due to the UK public holidays on Thursday June 2 and Friday June 3.

In a year that has witnessed an exceptionally volatile nickel market, Myra Pinkham collects expert metal analysts' views on the causes and their opinions on the outlook for the vital base metal now

Fastmarkets has temporarily suspended pricing for ferrous scrap turnings in the Cleveland market effective Wednesday June 1 due to the absence of local buyers.

Fastmarkets invited feedback from the industry on its pricing methodologies for its Northern Europe and United States hot-rolled coil (HRC) indices as part of its annual methodology review process.

Fastmarkets invited feedback from the industry on its pricing methodology for its Taiwan steel scrap price assessment and its Turkey steel scrap price indices (US- and Europe-origin) as part of its annual methodology review process.

Fastmarkets invited feedback from the industry on its pricing methodology for its US import pig iron price assessment as part of its announced annual methodology review process.

Section 232 duties on steel products from Ukraine will be suspended for one year, the Biden administration announced on Friday, May 27